Mahindra Lifespace Developers Ltd up by 6.29 % | Espresso

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Espresso shot of the day – Mahindra Lifespace Developers Ltd up by 6.29 percent

October 20, 2021
Espresso shot of the day –  Mahindra Lifespace Developers Ltd up by 6.29 percent

MAHINDRA LIFESPACE DEVELOPERS LTD. 287.40 (+6.29 %) BSE – INE813A01018 | 20TH OCTOBER 2021

Mahindra Lifespaces is one of the leading real estate development companies in India. They have projects spread across the country and construct thoughtfully designed living spaces. They espouse responsible, green design and development, and are driven by their mission of Sustainable Urbanisation. Established in 1994, Mahindra Lifespace Developers Ltd. is the real estate and infrastructure development business of the Mahindra Group, and a pioneer of sustainable urbanisation in India. The company is committed to transforming India’s urban landscape through its residential developments under the ‘Mahindra Lifespaces®’ and ‘Mahindra Happinest®’ brands; and through its integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra World City’ brands.

Recent Drivers

  • On Oct 1, 2021, Ashiana Housing acquired nearly 15.64 acres of land within Mahindra World City from Mahindra Integrated Township, a subisidiary of Mahindra Lifespace Developers, in Chennai.
  • On Sept 21, 2021, proptech startup Novvy Technologies Ltd launched a real estate investment product in the Mahindra World City project in Chennai, to offer “buy-to-let" assets for buyers in India and Indians living overseas.
  • On Jul 28, 2021, total income of the company for the quarter stood at Rs 154 crores as against Rs 22 crores a year ago. During the quarter, the company achieved sales of Rs 145 crores through 0.18 million sq ft residential sales.
  • On Jul 28, 2021, the company approved the issuance of two bonus shares for one share held by shareholders.

 (Sources: ET Reality, Livemint, The Economic Times )

Technical Force*

  • S&P BSE 500 month till date gain up by 3.46%
  • Traded on 52 Week High Value 299.30
  • 3 months avg. NSE volume: 3,90,076
  • Quantity traded: 51,990 | Deliverable quantity: 33,461 (64.36%)
  • Stock price has jumped more than 280 % from one-year low level: 77.21 (Oct 20, 2020)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 299.30 | 52-week-low: 77.21

   

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 242.90

192.83

157.82

107.15

71.54

21.47

-

    -

Fibonacci Pivot

192.83

160.10

139.88

126.85

107.15

87.44

74.42

54.20

21.47


Today’s Close

287.40

SMA

BSE

10 DAY

277.36

20 DAY

276.76

50 DAY

267.69

200 DAY

199.90


Some Key Ratios (Source: BSE)

Market Cap: 4,431.18 crores

PE: -79.71

OPM%: -13.63

ROE%: -3.85

Promoters holding%: 51.45

Prev. Close: 270.40

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.